IVW News and Press, iShares S&P 500 Growth From 03/06/24

2024-03-06 16:40:49 ET Summary Fed Chair Powell repeated the Fed's narrative, but did not update it with recent data on labor market and inflation. Since the December SEP assumptions, the labor market strengthened and inflation accelerated, thus the Fed will have to update SEP and...

2024-03-06 13:33:34 ET Summary Government statistics around jobs and inflation are becoming less insightful due to sampling errors and declining participation in surveys. Jobs reports in particular are subject to large revisions, and the more the economy is at a turning point, the...

2024-03-06 12:55:00 ET Summary Fed Chair Jay Powell's testimony to Congress suggests an inclination to cut interest rates to a more neutral level. But with inflation still above target and the activity data beating expectations, the central bank isn't in a position to do so. M...

2024-03-06 00:00:00 ET Summary The all-important M2 money supply continues to come back into line with long-term trends, key inflation measures are very close to the Fed's target, and money demand is returning to pre-Covid levels. The service sector (dominated by housing-related c...

2024-03-05 13:05:00 ET Summary We believe that the effects of Covid on the economy and financial markets are diminishing, and we believe that the Phillips curve is supporting this. Will history repeat in the second half of this decade as the initial Covid shock subsides but linger...

2024-03-05 12:45:00 ET Summary The US ISM services index shows that business activity and new orders are performing well, but companies are increasingly focused on trimming their workforce with the employment component hinting at the risk of outright job losses in coming months. H...

2024-03-05 10:05:00 ET Summary There are several technical indicators here that communicate the S&P 500 cap-weighted index is extended and due for correction. While the market and earnings performances predominantly rely on a select few stocks, it's imperative to assess whethe...

2024-03-05 07:50:00 ET Summary Outside of the Australian and New Zealand dollars, which are off by 0.20-0.25%, the other G10 currencies are little changed and mostly softer in narrow ranges. Tokyo's CPI jumped back in February after both the headline and core slipped below 2% in J...

2024-02-25 16:00:00 ET Summary The S&P 500 reached 5111, right in the target range of 5107-5112. Despite the strong move on Thursday, there were some red flags during this phase of the rally. With weekly exhaustion due, there is a window of opportunity for a reversal to de...

2024-02-25 11:52:00 ET Summary Investment-grade CDS traded down to 51 bps Thursday, the low back to December 31, 2021. High yield CDS sank to 336 bps, the low since February 1, 2022. Nvidia added $155 billion of market capitalization (reaching $2 TN), as stocks surged further into...